Welcome to our dedicated page for H World Group news (Ticker: HTHT), a resource for investors and traders seeking the latest updates and insights on H World Group stock.
H World Group Limited (NASDAQ: HTHT; HKEX: 01179) is a China-headquartered global hospitality company whose news flow centers on hotel network expansion, brand development, financial performance and capital markets activity. Originating in China and operating across 19 countries, the group reports on developments across its multi-brand portfolio, which includes HanTing Hotel, JI Hotel, Orange Hotel, Crystal Orange Hotel, IntercityHotel, MAXX, Steigenberger Hotels & Resorts, Steigenberger Icons and other brands.
News about H World often highlights its asset-light strategy and the balance between leased and owned hotels and manachised and franchised hotels. Regular quarterly and interim releases provide unaudited financial results, segment performance for Legacy-Huazhu and Legacy-DH, and updates on metrics such as hotel turnover, revenue mix, and operating margin. These announcements also describe the growth of its H Rewards loyalty program and the role of its digital platforms and central reservation system in driving direct bookings.
Investors following HTHT news can also expect updates on international expansion, particularly in Asia Pacific. Recent announcements have covered signings and openings of JI Hotel, MAXX and Steigenberger-branded properties in markets such as Singapore, Cambodia, Laos and Malaysia, as well as milestones like the sixth anniversary of JI Hotel Orchard Road Singapore. In addition, H World issues releases on events such as capital markets days, board composition changes, cash dividend declarations and conference call schedules.
This news page aggregates these company-specific updates so readers can review H World’s operating trends, brand activity, network growth and corporate actions as disclosed in its press releases and related communications.
Huazhu Group Limited (NASDAQ: HTHT) reported its preliminary Q3 2021 results, showing a strong recovery in RevPAR after early COVID-19 impacts. By late September, RevPAR for Legacy-Huazhu climbed to nearly 92% of 2019 levels but faced setbacks due to a recent outbreak in Fujian. Despite these challenges, over 20 upscale hotels were signed in early October via a joint venture. In Germany, Steigenberger Hotels experienced steady recovery with a RevPAR of approximately 65% of 2019 levels. Cost reduction strategies are in place to enhance cash flow.
On September 28, 2021, Huazhu Group Limited (NASDAQ: HTHT) announced the appointment of Jihong He as Chief Executive Officer for International Business, effective October 1, 2021. Ms. He joins from CapitaLand, where she was Chief Strategy Officer. With her extensive experience in global management and leadership, including roles at Ascendas Singbridge Group and Temasek International, she aims to enhance Huazhu's presence in the global hospitality sector and oversee its international operations, particularly Deutsche Hospitality.
Huazhu Group Limited (NASDAQ: HTHT) announced leadership changes effective October 1, 2021. Mr. Qi Ji will step down as CEO for personal reasons but remain chairman of the board. Mr. Hui Jin, who has been with the company since 2005, will succeed him as CEO. Ms. Xinxin Liu, currently chief digital officer, will become president. These appointments aim to maintain momentum and drive Huazhu's growth following significant contributions from both Jiang and Liu in technology and expansion.
Huazhu Group Limited (NASDAQ: HTHT) reported robust financial results for Q2 2021, with revenue reaching RMB3.6 billion (US$556 million), an 83.7% increase year-over-year, despite falling short of previous guidance. The company achieved net income of RMB378 million (US$59 million), a significant recovery from a net loss of RMB548 million in Q2 2020. Operating cash flow stood at RMB1.2 billion (US$192 million). However, revenue guidance for the full year was revised downward to 29%-33%, reflecting pandemic impacts. The company continues to expand its hotel network, with a total of 7,126 hotels in operation.
Huazhu Group Limited (NASDAQ: HTHT) is set to release its unaudited financial results for Q2 2021 on August 24, 2021, after Hong Kong trading hours and before the U.S. market opens. The earnings will be accessible on the investor relations website. A conference call will follow the announcement at 9 p.m. U.S. Eastern time, where preregistration is required. As of June 30, 2021, Huazhu operates 7,126 hotels in 17 countries. The company’s business model includes leased, owned, manachised, and franchised hotels, maintaining a consistent standard across all properties.
Huazhu Group Limited (NASDAQ: HTHT) announced its Q2 2021 hotel operations, revealing a RevPAR recovery to 102% of 2019 levels, slightly below expectations. In June, RevPAR reached 100%, impacted by COVID-19 resurgences in Guangdong and Beijing. As of July 2021, recovery progressed with improved occupancy rates, reaching 35% in Germany due to vaccinations. In Q2 2021, Huazhu opened 18 hotels, despite 156 closures, totaling 7,004 operational hotels. However, uncertainties remain due to potential COVID-19 spikes in Europe. Overall, the data reflects a cautious optimism in hotel demand recovery.
Huazhu Group Limited (NASDAQ: HTHT) has announced a partnership between its subsidiary Steigenberger Hotels AG and Porsche Lizenz- und Handelsgesellschaft to create a new luxury lifestyle hotel brand called Steigenberger Porsche Design Hotels. This brand aims to launch in select international cities, enhancing Huazhu’s portfolio of 6,881 hotels across 16 countries. The collaboration underscores Huazhu's commitment to expanding its market presence and enhancing brand value.
Huazhu Group Limited (NASDAQ: HTHT) held its 2021 annual general meeting on June 25, 2021, where significant resolutions were passed. The appointment of Deloitte as auditor for 2021 was ratified. A share subdivision was approved, converting each ordinary and preferred share into ten shares of lower par value, pending Hong Kong Stock Exchange approval. Additionally, amendments to the memorandum and articles of association were approved. The share certificates for ordinary shares will remain valid until August 3, 2021. The ADS ratio will change from 1:1 to 1:10 upon the subdivision's effectiveness on June 29, 2021.
Huazhu Group Limited (HTHT) reported its Q1 2021 financial results, showing a strong recovery from COVID-19 effects. The hotel turnover surged 66.3% year-over-year to RMB8.2 billion, while net revenues increased 15.6% to RMB2.3 billion (US$355 million), exceeding previous guidance. Despite a net loss of RMB248 million (US$38 million), this was significantly improved from RMB2.1 billion in Q1 2020. Huazhu anticipates Q2 2021 net revenue growth of 87%-89% year-over-year and expects to operate 6,881 hotels, with 2,649 in the pipeline. The acquisition of CitiGO is set to enhance its brand portfolio.
Huazhu Group Limited (NASDAQ: HTHT) announced it will release its unaudited financial results for Q1 2021 on May 25, 2021, after trading hours in Hong Kong and before the U.S. market opens. The earnings release will be available on the company’s investor relations website. A conference call is scheduled for the same day at 9 p.m. U.S. Eastern time to discuss the results, requiring preregistration. As of March 31, 2021, Huazhu operates 6,881 hotels with 662,512 rooms across 16 countries.